Multinational Qualcomm has bought Israeli startup chip designer Wilocity in order to bring a faster, short-distance wireless technology to mobile devices. Wilocity pioneered Wireless Gigabit chips – known as WiGig, which transmit data at speeds that can remove the need for physical cables.
http://www.globes.co.il/en/article-qualcomm-acquires-wilocity-for-300m-1000951327